Movie actor Suraj Pancholi named as model ambassador of KP Green Engineering
Surat (Gujarat) [India], March 23: The itemizing ceremony of the shares of KP Green Engineering Restricted on BSE was organised in Surat on Friday, marking the primary time an organization has been listed within the metropolis.
KP Group CMD and Promoter Dr Faruk G Patel rang the bell to mark the itemizing of KP Green Engineering’s shares on BSE.
The shares of KP Green Engineering listed at Rs. 200, 38% larger than the difficulty value of Rs. 144. The shares closed at the upper circuit of Rs. 210, giving the corporate a market capitalisation of Rs. 1,050 crore.
Talking on the event, Dr Patel mentioned, “We’re thrilled by the superb itemizing and the great response to our IPO. The IPO was oversubscribed 29.58 occasions with bids of Rs. 3,727 crore in contrast to the difficulty measurement of Rs. 189.50 crore. We are going to try to stay up to the belief our buyers have positioned in us.”
Sharing the corporate’s journey of 21 years, Dr Patel mentioned that KP Green Engineering is the flagship firm of KP Group. He mentioned that having began with a capability of fifty metric tonnes each year, its capability has touched 53,000 metric tonnes. He mentioned that funds raised via the IPO could be used to set up a brand new manufacturing facility at Matar in Bharuch, which might take the corporate’s capability to 2.94 lakh metric tonnes.

KP Green Engineering’s Complete-time director Moinul Kadwa, CFO Salim Yahoo, Director Affan Patel, Pravin Singh, Hasan Patel, Dr Indugupta Rao, Surinder Negi, and BSE CMD Ajay Thakur, additionally witnessed the itemizing ceremony in Surat.
An commercial of KP Green Engineering that includes Bollywood actor Suraj Pancholi, who was named as the corporate’s model ambassador, was launched on the event. Suraj’s dad and mom and actors Aditya Pancholi and Zareena Wahab, and KP Group’s model ambassador and former cricketer Munaf Patel have been additionally current on the event.
KP Green Engineering is the third firm of KP Group, a pacesetter in renewable power, to be listed on the inventory exchanges. KP Power and KPI Green Power, which have a mixed market cap of greater than Rs. 13,000 crore, are the opposite two listed entities of the group.

Rajneesh Singh is a journalist at Asian News, specializing in entertainment, culture, international affairs, and financial technology. With a keen eye for the latest trends and developments, he delivers fresh, insightful perspectives to his audience. Rajneesh’s passion for storytelling and thorough reporting has established him as a trusted voice in the industry.